BRIEF-Yida China Discloses Breach Of Loan Agreement

Reuters03-03

BRIEF-<a href="https://laohu8.com/S/03639">Yida China</a> Discloses Breach Of Loan Agreement

March 3 (Reuters) - Yida China Holdings Ltd 3639.HK:

BREACH OF LOAN AGREEMENT
AFORESAID BORROWINGS OVERDUE CONSTITUTES A DEFAULT OF DEBTS
AS OF MARCH 3, LOAN PRINCIPAL OF RMB498 MILLION AND ACCRUED INTEREST HAVE NOT BEEN REPAID
BOTH PARTIES STILL ACTIVELY NEGOTIATING ON EXTENSION OF BORROWING
AS OF 28 FEB, SEES AMOUNT OF CROSS-DEFAULT RESULTING FROM FAILURE TO REPAY RELEVANT LOANS ON MATURITY DATE OF RMB4.223 BILLION

Further company coverage: 3639.HK

((Reuters.Briefs@thomsonreuters.com;))

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